PT  - JOURNAL ARTICLE
AU  - Diane R. Maurice
AU  - Charlie Yan
AU  - Warren Kwan
AU  - Vineet Gupta
TI  - Bolstering Home Finance: <em>Reconciling Policy Initiatives and Investor Protections</em>
AID  - 10.3905/jsf.2010.2010.1.001
DP  - 2010 Apr 30
TA  - The Journal of Structured Finance
PG  - 6--20
VI  - 16
IP  - 1
4099  - https://pm-research.com/content/16/1/6.short
4100  - https://pm-research.com/content/16/1/6.full
AB  - The current policy initiatives to support housing finance, the Home Affordable Modification Program (HAMP), the Homeowner Affordability and Stability Plan (HASP), and Help for Homeownerss (H4H), are expected to counter the lingering impact of the credit crisis on homeowners, but they are also expected to have unintended consequences. As those programs favor homeowners, private investment, a traditionally significant source for housing finance, may be curtailed. This article provides an overview of the policy initiatives, the strategies, and outcomes of the mortgage loan modification programs, and the impact on investors.TOPICS: Portfolio theory, portfolio construction, fixed-income portfolio management